The Endgame in Greece
After months of wrangling, the showdown between Greece and its European creditors has come down to a standoff over pensions and taxes. The Greek government is right to have drawn the line, while the EU could pay dearly for its petulance.
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PARIS – After months of wrangling, the showdown between Greece and its European creditors has come down to a standoff over pensions and taxes. Greece is refusing to acquiesce to demands by its creditors that it cut payments to the elderly and raise the value-added tax on their medicine and electricity.